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SEC Commissioner Sees Increasing Demand for Cryptocurrency


Crypto-friendly commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, said there is an increase in demand for cryptocurrency as investors seek to diversify their portfolios. The commissioner has been an avid proponent of the SEC approving bitcoin exchange-traded funds...

Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy


Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value...

Purse.io Returns: Company Reveals Crypto Marketplace ‘Is Here to Stay’


On April 17, new.Bitcoin.com reported on the crypto marketplace Purse.io announcing the company would dissolve. Six days later, Purse revealed that the team is reconsidering the decision and explained that well known bitcoin advocates reached out with interest in acquisition. More than a week...

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany


Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...

Zero Interest Rates Not The Only Driver For Stablecoin Demand


The coronavirus has brought zero USD interest rates. And with zero or potentially even negative interest rates, it might also bring greater demand for stablecoins and for cryptocurrencies more generally. Why? Because now there's no opportunity cost when it comes to holding USD-backed stablecoins...

BTC to INR: P2P Bitcoin Marketplaces Growing in India


Ever since the supreme court quashed the banking restriction imposed by the central bank, interest in cryptocurrency has been rising in India, including on peer-to-peer (P2P) marketplaces. The local crypto community is growing despite the nationwide lockdown and rising covid-19 threat. Also read:...

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